Simplex Projects allots 6 lakh shares

Simplex Projects Ltd has announced that the Board of Directors of the Company at its meeting held on August 06, 2009, inter alia, has allotted 600,000 equity shares of Rs 10 each at a premium of Rs 125 per share (determined as per relevant Guidelines of SEBI) on Preferential basis to Saffron Finpro Distributors Pvt. Ltd, non-promoter.

Consequent to the allotment, the equity Share capital of the Company has been increased from Rs 12,00,03,780 (Rupees Twelve Crores Three Thousands Seven Hundred Eighty) to Rs 12,60,03,780 (Rupees Twelve Crores Sixty Lacs Three Thousand Seven Hundred Eighty).

The stock closed the day at Rs.116.95, down by Rs.1.90 or 1.60%. The stock hit an intraday high of Rs.119.50 and low of Rs.114.

The total traded quantity was 965 compared to 2 week average of 1799.

Source : Equity Bulls

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